Expanded Foreign Exchange Capability Enables Businesses to trade in 16 Currencies from a Single Account.
Beijing, March 19, 2016 — CHCEX has expanded and improved its foreign exchange solutions by introducing new enhancements that help corporate clients cut costs and simplify the way cross-currency Automated Clearing House (ACH) trading is made.
CHCEX’s market-leading solution is ideal for businesses with large volumes of non-urgent ACH trading that want to eliminate the administrative and financial complexity of managing and reconciling multiple foreign transactions. For example, one CHCEX client is using the capability to make its trades from one central account, even though its partners are dispersed globally. As a result, the client was able to close numerous in-country bank accounts and cut costs associated with multiple wire fees and managing and reconciling these accounts.
“CHCEX continues to invest in its foreign exchange services to help clients cut trading costs while improving operational efficiency on a global scale,” said Ruan Wei Xinxin, Head of Business Development. “By expanding our cross-border ACH capabilities, CHCEX’s clients now have more currency and low value trading options. Clients also benefit from lower transaction, foreign exchange and reconciliation costs associated with using a single account rather than maintaining multiple local accounts globally.”
CHCEX offers a full suite of foreign exchange solutions to meet clients’ cross-border trading needs. CHCEX has the solutions companies need to efficiently process international trading operations.
CHCEX’s Foreign Exchange Solutions offer:
– A full suite of innovative solutions, from simple to complex
– Competitive FX rates
– Execution in more than 100 currencies
– Convenient and flexible local currency accounts
– Access to experts that can help assess client’s overall foreign exchange risk exposure, and design appropriate hedging structures
About China Commodity Exchange (CHCEX)
China Commodity Exchange’s (CHCEX.org) diverse markets span futures and options on interest rates, commodities, indexes and FX, as well as equities and equity options. These markets are relied upon by international market participants, along with our post-trade infrastructure. We are uniquely positioned to provide end-to-end risk management solutions to our customers around the world. CHCEX is a strategic initiative with a mandate to enhance commodity trade flows by providing the appropriate physical, market, financial infrastructure and services required. The Management team of CHCEX comprises senior personnel from the commodities, securities and financial services industries.
China Commodity Exchange (CHCEX)
Fortune Financial Center,
7 E 3rd Ring Rd Middle, Chaoyang,